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Warren Buffet want to pay more tax
Message
From
01/11/2007 14:48:19
 
 
To
01/11/2007 14:08:33
General information
Forum:
Politics
Category:
Taxes
Miscellaneous
Thread ID:
01265304
Message ID:
01265800
Views:
10
>>>>I think those who have more have an obligation to carry more of the burden of these common costs, so I believe in progressive taxation.
>>>>
>>>>Clearly, in the scenario, family 3 is going to come out much better all around, but a well-structured tax system (and that's not what we have now) will ask them to pay a higher proportion of income than the guy in the middle. The one at the bottom should be paying nothing or a token amount (because people value what they pay for more than what they get for free).
>>>>
>>>>Tamar
>>>
>>>Ok, I don't have a lot of argument with that, as long as the progressive tax is based on gross, and not net of loopholes and tax shelters. However, I think a flat tax, being much simpler, would have a much better chance of being administered properly, and as such would be more likely to work smoothly.
>>
>>I'm close to agreeing with you, except that I can see too many situations where gross income is a terrible misrepresentation, such as a family with a seriously disabled child (and I know several of them). Now, of course, if our society operated as it should, having a disabled child or someone with a serious illness wouldn't be a huge financial burden, but at least in the US today, it is. (Seems to me I've read that medical expenses are one of the largest causes of personal bankruptcy.)
>>
>>Tamar
>
>I sometimes wonder just how apocryphal is the story of the person who, after heart surgery, gets the hospital bill and has a heart attack.

There's a big news story over here at the moment anbout Giuliani using the NHS here in his campaign

http://www.timesonline.co.uk/tol/news/world/us_and_americas/article2781602.ece

guess thats hilary gets elected then :-)

at least Bill Clinton gets back near the seat of power. Lets all breath a sigh of relief.
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